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Nov 30, 2012
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here's the level of deficit reduction i can reach. if you think you can reach the same or more with more spending cuts, you go first and name them. >> yeah. >> so richard, we have everybody playing chicken for the most part. it's kabuki. you show your spending cuts and then i'll show mine. >> right. it failed before when the president was negotiating against himself. look, i'm going to come back. $400 billion of medicare cuts is exactly what you would want democrats to do if you want them to start dealing with entitlements. what are we talking about when we say democrats need to deal with entitlements? principally, it's medicare. so that's a huge down payment right there. you can say, well, i don't really believe they're possible, but that's a real proposal. what you're asking for in terms of the politics is that the president somehow solves john boehner's problems with his own caucus. and gives him the strength to go back and be the leader of that rowdy bunch of house republicans. that is not -- that is a hard ask for a president. >>
here's the level of deficit reduction i can reach. if you think you can reach the same or more with more spending cuts, you go first and name them. >> yeah. >> so richard, we have everybody playing chicken for the most part. it's kabuki. you show your spending cuts and then i'll show mine. >> right. it failed before when the president was negotiating against himself. look, i'm going to come back. $400 billion of medicare cuts is exactly what you would want democrats to do if...
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Dec 4, 2012
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or is it about lessening the deficit? because it doesn't really do a whole lot for the debt or deficit over ten years. >> well, it's about fairness, but it's also about what are the better options? given that the wealthy are really skating by these days. and so how do you collect more revenue from them? and all the various ideas about, well, you cap this deduction, and cap that deduction. there are not only political constituencies that will fight tooth and claw on every deducti deduction, there are some reasons, fairly good reasons why you would want to think twice. you know, are you going to go after home mortgage deduction at a time when the housing industry is trying to get its feet? are you going to go after the exemption on taxation for health insurance? i mean, that's the biggest one, actually. that's like $250 billion a year. but i don't think anybody wants to dive back into that at this point. so, you know, how else are you going to do it? >> arianna, can i just say that -- and this is -- i guess i've been articu
or is it about lessening the deficit? because it doesn't really do a whole lot for the debt or deficit over ten years. >> well, it's about fairness, but it's also about what are the better options? given that the wealthy are really skating by these days. and so how do you collect more revenue from them? and all the various ideas about, well, you cap this deduction, and cap that deduction. there are not only political constituencies that will fight tooth and claw on every deducti...
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Nov 29, 2012
11/12
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howard's become a deficit hawk. i think howard and i would disagree probably on some of the elements of what constitutes -- >> no, but he's saying it's not a disaster if it happens. >> well, i was going to get to that point. the fiscal cliff itself, howard is right, it's a slope. on day one the economy does not collapse and go into recession. but i worry a lot about the markets. the market reaction to going over the cliff, particularly if we go over the cliff in disarray where there's really no plan. everything's broken down. nobody knows where anybody is. i think that could be pretty ugly in the markets. having said that, my own view is, that going over the fiscal cliff is only the second worst thing that can happen. the worst thing that can happen would be for congress to simply kick the can down the road on everything. >> that's exactly right. >> extend all the taxes, extend all the spending, let life go merrily on the way it is. we cannot let that happen. it is time to address the deficit. and if going over the
howard's become a deficit hawk. i think howard and i would disagree probably on some of the elements of what constitutes -- >> no, but he's saying it's not a disaster if it happens. >> well, i was going to get to that point. the fiscal cliff itself, howard is right, it's a slope. on day one the economy does not collapse and go into recession. but i worry a lot about the markets. the market reaction to going over the cliff, particularly if we go over the cliff in disarray where...
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Dec 6, 2012
12/12
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then we get deficit reduction and it's a lot easier to do. i think the number is just enough, as i said, but it's still hard to get to. and it's going to require the business community coming in and saying to republicans in both the senate and the house, there's a lot of stuff in here we don't like, a lot of special interests won't like it, but the business community at large, particularly big business, saying this needs to get done and needs to get done before new year's eve. >> just do it. >> just do it. all right. >> all right. >> failure is not an option. >> it's not. it really isn't. >>> hillary clinton may insist she's leaving politics, but a new poll shows the majority of americans hoping she has a change of heart. the latest abc news/"washington post" poll shows 57% would vote for clinton in a 2016 presidential bid. 37% oppose of a potential campaign. clinton also has strong support in her home state of new york. in a siena college poll, 64% of new york voters say she should make a run, but new yorkers aren't as enthusiastic about the
then we get deficit reduction and it's a lot easier to do. i think the number is just enough, as i said, but it's still hard to get to. and it's going to require the business community coming in and saying to republicans in both the senate and the house, there's a lot of stuff in here we don't like, a lot of special interests won't like it, but the business community at large, particularly big business, saying this needs to get done and needs to get done before new year's eve. >> just do...
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Dec 5, 2012
12/12
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but you've got to be committed to some kind of real deficit reduction. and that's where, beyond the spending, being serious about entitlements, there's got to at least be some framework that says, look, we are going to reduce the size and the scope of government. and that's -- finding that pain point on both sides so it's not a lopsided deal will at least give republicans the room to argue, look, we can take this pain. we've won some concessions back, but we have to do this. >> that should be done in private and together. >> and again, though, the ratio between tax increases to spending cuts is a wide, wide gap. medicare and medicaid and social security together, taken with interest and the debt, that's consuming every dime that's coming into washington, d.c., right now. people talk about -- democrats have talked about for a decade, the bush tax cuts. they've driven up the national debt. fine. if that's the case, why is it that the president, as you've said earlier, is embracing 98% of the bush tax cuts? >> except that isn't true. >> of course it's not t
but you've got to be committed to some kind of real deficit reduction. and that's where, beyond the spending, being serious about entitlements, there's got to at least be some framework that says, look, we are going to reduce the size and the scope of government. and that's -- finding that pain point on both sides so it's not a lopsided deal will at least give republicans the room to argue, look, we can take this pain. we've won some concessions back, but we have to do this. >> that...
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Dec 3, 2012
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issues, bob erlich and i had to come in and try to create incentives within our economy, the $2 million deficit. you find completive ways to keep businesses that you have, but expand that base. so this idea these incentives were somehow bad for the economy or bad for the local market, to me, just don't add up necessarily because every state is different. you do compete -- we compete with virginia and delaware and pennsylvania and west virginia in our region. we want the jobs that we can get for our technical and other infrastructure with the state. how does all of that work out in the wash ultimately? who is the bad guy here? is it the governor goes out and gives the incentives with the legislature or is it the employer who keeps -- takes those incentives and want to stay in the state or come to the state? >> this not really about who is the bad guy but do we have a system that works? there is no national thinking. zero today on what are we spending on all this? is it coordinated? why, for instance, in kansas do you have kansas and missouri outbidding each other to have companies literally move
issues, bob erlich and i had to come in and try to create incentives within our economy, the $2 million deficit. you find completive ways to keep businesses that you have, but expand that base. so this idea these incentives were somehow bad for the economy or bad for the local market, to me, just don't add up necessarily because every state is different. you do compete -- we compete with virginia and delaware and pennsylvania and west virginia in our region. we want the jobs that we can get for...